Washington Living Trust Attorney

Have you started planning for your estate in the state of Washington? Have you made a will? Are you interested in keeping your estate out of probate court when you die? Let us answer some questions for you about a living trust and possibly point you in the direction of a Washington living trust attorney.

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Living trusts have become very popular lately, and are used primarily for the purpose of avoiding probate court. They do, however, have many other benefits, that may or may not apply to your current situation.

Not only is it possible to avoid probate in Washington, but other states as well. If your vacation condo in Florida were placed into your trust your heirs may avoid probate in that state. The more property you own the more time and money that can be saved by avoiding probate court.

People often think of living trusts as a way to avoid paying estate taxes. This is only true if you have assets valued at over two million dollars. If you are in this situation it might be worth your time to hire a professional and take advantage of the tax breaks offered.

A living trust is an ideal way to keep your beneficiaries from fighting over your belongings after you have passed away. You will appoint a successor trustee to take over the trust upon your death.

You will have left clear instructions and this person will simply reassign property according to your wishes. While a will can be easily contested, trusts seldom are.

Almost anything of value can be placed into your trust. Life insurance policies, stocks, bonds, real estate and personal property may all be placed into your trust. It is still a good idea to have a will for a couple of reasons. A will is still needed to handle matters like guardianship of children and pets. Any items not placed in you trust should be in your will.

In most cases hiring a professional to write your living trust documents is the best way to go. They are qualified to advise you about tax laws and other legal matters. Having these papers prepared by a Washington living trust attorney could easily save your heirs considerable time and money.

A simple living trust can be created with the help of a website such as Legalzoom. More help can be found on the NOLO website. You will find plenty of advice as well as books and software designed to make the process easier.

Make Your Own Living Trust

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